Overview

• Energy technology firm's Q4 revenue slightly missed analyst expectations

• Adjusted EPS for Q4 beat analyst expectations

• Company distributed $188 mln to shareholders in Q4

Outlook

• TechnipFMC raises 2026 Subsea revenue guidance to $9.2 - 9.6 bln

• TechnipFMC increases 2026 Subsea adjusted EBITDA margin to 21 - 22%

• Company anticipates $10 bln Subsea inbound orders in 2026

Result Drivers

• SUBSEA REVENUE - Sequential decline driven by lower activity in North Sea and Latin America, offset by Asia Pacific

• SURFACE TECHNOLOGIES PROFIT - Increased due to higher services activity in Middle East and operational efficiencies

• SUBSEA ORDERS - Strong orders driven by direct awards and integrated projects

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the oil related services and equipment peer group is "buy"

• Wall Street's median 12-month price target for TechnipFMC PLC is $52.00, about 16.5% below its February 18 closing price of $62.27

• The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nBw4xwr8La

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)